CoinEfficiency

CZ Comments on North Korea's $1.16B Bitcoin Holdings and Warns Against Minting New Coins

Binance's CZ reacts to North Korea's massive Bitcoin reserves and advises developers on crypto minting strategies.
Published on 2025-03-17

North Korea's Billion-Dollar Bitcoin Holdings

Changpeng Zhao, CEO of Binance, recently commented on the substantial Bitcoin holdings of North Korea's Lazarus Group, a state-backed hacking collective. According to Arkham Intelligence, this group holds approximately $1.16 billion in Bitcoin, equivalent to 13,518 BTC. This stash positions North Korea as the third-largest state holder of Bitcoin, following the U.S. and U.K.

The U.S. government holds around $16.9 billion in various cryptocurrencies, including Bitcoin, Ethereum, and others. The U.K. has approximately 61,245 BTC, valued at over $4 billion, stemming from a confiscation in 2018. These holdings highlight the growing role of cryptocurrencies in national reserves.

CZ's Humorous Take on Crypto Reserves

CZ humorously remarked on the situation, stating, "Different ways to build a strategic crypto reserve," accompanied by an emoji. His comment underscores the diverse strategies entities employ to accumulate digital assets.

A Warning Against Minting New Coins

In a separate tweet, CZ cautioned developers against creating new tokens without a clear purpose or scale. He emphasized that not every AI agent or project requires its own cryptocurrency. CZ advised focusing on utility and existing cryptocurrencies for transactions, rather than proliferating new tokens.

This dual focus on state-level crypto accumulation and responsible token creation highlights the evolving landscape of digital assets.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

  • Advanced market analytics to identify trading opportunities.
  • Compare markets relative performance.
  • Understand market cycles over time. See market levels.
  • Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.